Brick & Kyle Associates Grows Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Brick & Kyle Associates raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 424.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,425 shares of the exchange traded fund’s stock after buying an additional 2,772 shares during the period. Brick & Kyle Associates’ holdings in SPDR Gold Shares were worth $829,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Clarus Group Inc. boosted its holdings in SPDR Gold Shares by 2.2% in the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock valued at $442,000 after purchasing an additional 40 shares in the last quarter. Kellett Wealth Advisors LLC raised its position in shares of SPDR Gold Shares by 3.6% during the 4th quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock worth $281,000 after purchasing an additional 40 shares during the last quarter. Wealth Advisors of Iowa LLC raised its position in shares of SPDR Gold Shares by 3.9% during the 4th quarter. Wealth Advisors of Iowa LLC now owns 1,070 shares of the exchange traded fund’s stock worth $259,000 after purchasing an additional 40 shares during the last quarter. Pittenger & Anderson Inc. raised its holdings in SPDR Gold Shares by 25.9% in the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 41 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in SPDR Gold Shares by 2.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,533 shares of the exchange traded fund’s stock valued at $369,000 after acquiring an additional 41 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 2.2%

Shares of NYSEARCA GLD opened at $309.75 on Friday. SPDR Gold Shares has a 52-week low of $211.54 and a 52-week high of $317.63. The firm has a fifty day moving average of $295.49 and a 200-day moving average of $268.10. The stock has a market capitalization of $93.11 billion, a PE ratio of -32.43 and a beta of 0.12.

SPDR Gold Shares Company Profile

SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).